Board of Directors

The Board of Directors makes policy decisions in matters that involve lending, borrowing, and administrative questions. The Board of Directors approves the financial transactions proposed by NIB's President. The Board of Directors is responsible for the financial statements. The Board of Directors may delegate its powers to the President to the extent considered appropriate. The Board of Directors consists of eight Directors, each of whom has one Alternate. The Directors and their Alternates are appointed by the respective member country. The Board of Directors appoints a Chairman and a Deputy Chairman from among the Directors. The chairmanship and the deputy chairmanship rotate among the member countries. The Board of Directors usually meets eight times a year (please see Upcoming events).

Members

Denmark
Director:
Mr Jesper Olesen (Chairman of the Board)
Deputy Permanent Secretary, Mininstry of Business and Growth

Alternate:
Mr Kasper Lindgaard
Head of Division, Ministry of Business and Growth

Estonia
Director:
Mr Madis Üürike
Advisor, Ministry of Finance

Alternate:
Ms Merle Wilkinson
Head of State Treasury Department, Ministry of Finance

Finland
Director:
Ms Kristina Sarjo
Financial Counsellor, Ministry of Finance

Alternate:
Mr Risto Paaermaa
Director, Ministry of Employment and the Economy

Iceland
Director:
Mr Þorsteinn Þorsteinsson
Senior Advisor, Ministry of Finance 

Alternate:
Mr Sigurður Þórðarson
CPA, Former State Auditor

Latvia
Director:
Mr Kaspars Āboliņš
Treasurer, Treasury of the Republic of Latvia

Alternate:
Agnese Timofejeva
Head of International Market Policy Division, Ministry of Finance 

Lithuania
Director:
Mr Rolandas Kriščiūnas (Deputy Chairman of the Board)
Vice-Minister of Finance, Ministry of Finance

Alternate:
Ms Jurgita Uzieliene
Deputy Director, EU and International Affairs Department

Norway
Director:
Ms Heidi Heggenes
Director General, Office of the Prime Minister

Alternate:
Mr Trond Eklund
Director, Norges Bank

Sweden
Director:
Mr Erik Åsbrink
Former Minister of Finance

Alternate:
Ms Anna Björnermark
Deputy Director, Ministry of Finance 
  

Links
Rules of procedure for the Board of Directors (41 KB)
Code of conduct for the Board of Directors and the President (113 KB)
Legal framework & policy documents
Financial reports
Annual Report, Corporate governance